Dust flux, Vostok ice core

Two dimensional phase space reconstruction of dust flux from the Vostok core over the period 186-4 ka using the time derivative method. Dust flux on the x-axis, rate of change is on the y-axis. From Gipp (2001).

Monday, April 15, 2013

You can stop now, thank you

It's lasted longer than I thought it would, but sometimes it takes a long time to cool a bullish ardour. I thought that people would have thrown in the towel after only a year or so. Really it's been nearly two years, and the drop has been about 30%.

Hard to say if the margin calls going forward will precipitate much more selling. But it certainly feels like we are in the midst of a washout.